Shares of FXCM Inc FXCM moved higher mid-day amid news of revised forex and margin requirements.
In a press release, the company announced it “will increase margin requirements globally on forex instruments, as well as gold in its overseas jurisdictions” effective immediately.
The news accompanied an earlier upgrade of the stock and possibility of a short squeeze.
FXCM Inc recently traded at $2.29, up 43.12 percent.
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